According to a report from Canada’s Lohas.com on Thursday (May 13), last week, the Colonial Pipeline, the largest oil pipeline in the United States, suffered a hacker attack from Russia, causing the system to be paralyzed. As of today (May 13), more than 70% of gas stations in Washington, DC are no longer available, while 71% of gas stations in North Carolina are out of service. In the severely affected South-eastern United States, more than 10,000 gas stations have been shut down, and it will take at least two weeks to resume supply. This incident caused the national oil price to rise by US$3.028, triggering panic buying of gasoline across the US. President Biden cited a report from the FBI as saying that he does not believe that the Russian government is behind the cyberattack, but believes that the hackers are related to Russia.
The number of new jobless claims in the United States continued to fall to 473,000 last week, the lowest since the pandemic last year. The market originally expected it to be 490,000, and the previous value was 507,000. During the period, the number of people who continued to apply for unemployment benefits decreased by 45,000 to 3.655 million. It reflects that the universal vaccination of the new crown vaccine, the relaxation of blockades in more states, and the Biden fiscal stimulus plan have further strengthened the pace of labour market recovery.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.
